Below are the financial statements of China Banking, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of PHP | 2024 | 2023 | 2022 |
|---|---|---|---|
| Interest income | — | — | — |
| Loans and receivables | 61,146.39a | 51,690.66a | 39,553.07a |
| Investment securities at amortized cost and at fair value through other comprehensive income | 28,432.83a | 23,236.34a | 15,060.05a |
| Due from Bangko Sentral ng Pilipinas and other banks, interbank loans receivable, and securities purchased under resale agreements | 2,841.62a | 3,700.67a | 2,139.62a |
| Financial assets at fair value through profit or loss | 1,333.22a | 740.36a | 458.67a |
| Interest expense | — | — | — |
| Deposit liabilities | -25,994.51a | -21,740.57a | -8,824.48a |
| Bonds payable, bills payable and other borrowings | -3,971.19a | -3,852.87a | -2,615.61a |
| Lease payable | -249.75a | -246.79a | -181.79a |
| Net interest income | 63,538.6a | 53,527.81a | 45,589.53a |
| Trading and securities gain (loss) - net | 1,108.8a | 1,129.03a | 927.54a |
| Service charges, fees and commissions | 3,457.86a | 3,300.17a | 2,863.08a |
| Gain (loss) on redemption of investment securities at amortized cost | -0.47a | 0.08a | 1.92a |
| Trust fee income | 690.81a | 585.92a | 473.83a |
| Foreign exchange loss-net | -14,011.26a | -7,354.8a | -555.32a |
| Gain on sale of investment properties | 436.9a | 602.84a | 698.8a |
| Share in net income of an associate | 757.36a | 435.08a | 285.06a |
| Gain on asset foreclosure and dacion transactions | 589.87a | 419.75a | 145.8a |
| Share in net income of subsidiaries | 0a | 0a | 0a |
| Miscellaneous | 8,920.38a | 1,445.6a | 5,222.18a |
| Total operating income | 65,488.85a | 54,091.46a | 55,652.42a |
| Compensation and fringe benefits | -9,754.21a | -8,969.41a | -8,145.03a |
| Provision for impairment and credit losses | -3,314.71a | -1,246a | -9,012.63a |
| Taxes and licenses | -6,437.46a | -5,628.5a | -4,729.83a |
| Insurance | -3,122.21a | -2,744.74a | -2,284.65a |
| Depreciation and amortization | -2,288.05a | -2,006.15a | -1,737.14a |
| Occupancy cost | -2,393.82a | -2,230.65a | -2,163.23a |
| Professional fees, marketing and other related services | -1,081.32a | -848.56a | -727.29a |
| Transportation and traveling | -796.43a | -699.43a | -576.76a |
| Entertainment, amusement and recreation | -602.33a | -519.95a | -560.21a |
| Stationery, supplies and postage | -276.37a | -237.99a | -225.43a |
| Repairs and maintenance | -284.66a | -228.33a | -184.69a |
| Miscellaneous | -3,712.29a | -2,923.62a | -3,020.1a |
| Total operating expenses | -34,063.84a | -28,283.33a | -33,366.96a |
| Income before income tax | 31,425a | 25,808.13a | 22,285.46a |
| Provision for income tax | -6,613.82a | -3,789.9a | -3,149.66a |
| Net income | 24,811.18a | 22,018.22a | 19,135.8a |
| Attributable to | — | — | — |
| Equity holders of the parent company | 24,803.27a | 22,010.79a | 19,107.5a |
| Non-controlling interest | 7.91a | 7.43a | 28.3a |
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